Global Economic Times

2026.07.23 (Thu)
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FSC Slams Young Poong with Record $14.7 Million Fine Over Deliberate Accounting Fraud

SEOUL — South Korea’s financial regulator has handed down a record-breaking 20.47 billion won (approximately $14.7 million USD) fine to Young Poong Corp., a major non-ferrous metal slacker
Korean Independence Flag Raised at NYC's Waldorf Astoria Restored to Original Glory

SEOUL — A historic South Korean national flag (Taegeukgi), which bore witness to the fierce diplomatic struggle for independence on the global stage, has successfully been restored to its origin

FRAUD AT THE GATES: PROSECUTORS TAKE ON ILLEGAL APARTMENT SUBSCRIPTIONS IN DONGTAN 2 NEW TOWN

SEOUL — Four individuals who illicitly secured highly coveted apartment subscriptions in Gyeonggi Province's Dongtan 2 New Town through fraudulent residency registrations and administrative

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South Korea Considers Immunity for Essential Medical Doctors in Fatal Cases: The South Korean government is advancing a controversial plan to shield doctors from prosecution in cases of patient deaths during ...; Desk 2025.03.07

Tax Authorities Launch Investigation into Tax Evasion Amidst Heated Political YouTube Revenue Competition: SEOUL, South Korea – Amidst the escalating revenue competition among "political YouTubers" during the 12.12 military coup an ...; KO YONG-CHUL Reporter 2025.03.07

North Korea Halts Western Tourist Visits After Three Weeks, Citing Unspecified Reasons: Pyongyang has abruptly suspended tourism for Western groups just three weeks after reopening its borders for the first time in fiv ...; Desk 2025.03.07

Seoul High Prosecutors' Office Review Committee Calls for Arrest Warrants for Presidential Security Officials: The Seoul High Prosecutors' Office Warrant Review Committee has recommended the issuance of arrest warrants for Kim Seong-hoon, De ...; KO YONG-CHUL Reporter 2025.03.07

South Korea's Election Watchdog Engulfed in Hiring Scandal, Faces Calls for Resignation Amidst Legal Hurdles: South Korea's National Election Commission (NEC) is reeling from a massive hiring scandal, with top officials facing mounting pres ...; KO YONG-CHUL Reporter 2025.03.07

Financial Supervisory Service Launches 'FSS Investment Explorers' Program for Middle and High School Students: The Financial Supervisory Service (FSS) is launching the 'FSS Investment Explorers' program, a financial investment experience edu ...; Desk 2025.03.06

Gwangju Metropolitan City Announces Public Nomination for the 38th Citizen's Award: Seeking the Best Citizen: Gwangju Metropolitan City announced on the 5th that it is publicly seeking nominations for the '38th Gwangju Metropolitan City Cit ...; Yim Kwangsoo Correspondent 2025.03.06

Seoul Metropolitan Government to Issue Additional 74.5 Billion KRW in 'Seoul Love Gift Certificates' to Support Small Businesses: The Seoul Metropolitan Government announced on March 5th that it will issue an additional 74.5 billion KRW worth of 'Seoul Love Gi ...; Hwang Sujin Reporter 2025.03.06

Police Prepare for Emergency Response as President Yoon Suk-yeol's Impeachment Ruling Looms: Seoul, South Korea – As the Constitutional Court is expected to deliver its ruling on President Yoon Suk-yeol's impeachment ...; KO YONG-CHUL Reporter 2025.03.06

Seoul Doubles Transportation Card Support for Elderly Drivers Voluntarily Surrendering Licenses: Seoul Metropolitan Government announced on January 5th that it will double the transportation card support from 100,000 won to 200 ...; Desk 2025.03.06

Multicultural TV Selected as Public Interest Channel for 2025-2026, Contributing to Enhancing Diversity in Korean Society: Multicultural TV announced on March 5th that it has been selected as a public interest channel for 2025-2026 by the Korea Communic ...; Desk 2025.03.06

Air Force Colonel Sent to Prosecution for Sexual Assault and Attempted Rape of Female Officer: The Chungbuk Provincial Police Agency announced on March 5th that they have forwarded Colonel A of the 17th Fighter Wing to the pr ...; KO YONG-CHUL Reporter 2025.03.06

Hong Kong Firm to Sell Panama Canal Port Operations to U.S. Consortium Amidst Trump's Trade Route Ambitions: CK Hutchison Holdings, a Hong Kong-based company, has agreed to sell its Panama Canal port operations to a U.S. consortium led by ...; Graciela Maria Reporter 2025.03.06

Trump Targets South Korea with All-Around Pressure: Tariffs, Investments, and Increased Defense Cost Sharing Possible: President Donald Trump's designation of South Korea as an "ally that harms the United States" has heightened tensions in the U.S.- ...; Desk 2025.03.06

Six Out of Ten Seoul Citizens Favor Raising Subway Free Ride Age to 70: A recent survey reveals that six out of ten Seoul citizens support raising the age limit for free subway rides, currently set at 6 ...; Hwang Sujin Reporter 2025.03.05

South Korea's Tourism Deficit Exceeds $10 Billion Amidst Recovery: South Korea's tourism balance deficit has surpassed $10 billion last year, indicating a severe deterioration. Despite the rapid in ...; Global Economic Times Reporter 2025.03.05

KHNP Achieves Asia's First Nuclear Green Bond Issuance: Korea Hydro & Nuclear Power Co. (KHNP) announced on the 5th that it has successfully issued Asia's first nuclear green bond. T ...; Global Economic Times Reporter 2025.03.05

South Korea Shifts Livestock Disease Control to Local and Private Sectors, Expands AI-Driven Prevention: The South Korean government has announced a 'Mid-to-Long-Term Livestock Disease Control Development Plan,' shifting the livestock ...; Global Economic Times Reporter 2025.03.05

Hyundai Marine & Fire Insurance Expands AI Voice Guidance System for Auto Claims: Hyundai Marine & Fire Insurance (001450) announced on the 5th that it has expanded the application of its 'Auto Claims AI Voic ...; Desk 2025.03.05